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If Bitcoin breaks $118,000, the mainstream CEX's cumulative short liquidation intensity will reach $1.12 billion.
BlockBeats News, October 28th, according to Coinglass data, if Bitcoin surpasses $11.8K, the cumulative short liquidation intensity of mainstream CEXs will reach $1.12B.
Conversely, if Bitcoin falls below $11.3K, the cumulative long liquidation intensity of mainstream CEXs will reach $1.112B.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the asset's price reaching a certain level will be affected. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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